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| Cost Allocation |
GMS has the best Cost Allocation system on the market today!
Because of the variety of ways clients handle cost allocation, GMS
software accommodates a vast array of choices. During on-site
installation and training many of the issues are sorted out which then
provide reports that are most suited to a particular agency's
requirements. Once set-up files are completed, month end cost
allocation functions are just a quick click of the mouse.
Besides the allocation of leave, fringe benefits and indirect costs that
are included in the basic package, there are several cost allocation
supplements that are available to meet certain agency allocation
and reporting requirements. These include program specific
allocations using either an internal or external year-to-date base,
monthly allocations using an external base such as square footage,
and a dual indirect pool used for separating common costs from
M&G costs. Cost allocation reporting supplements available include
the detail of salary, leave and fringe costs by employee or position
code, shifting indirect costs to the administration component,
locking allocated amounts and calculating the line item detail for
allocated amounts.
Leave Rate Computation and Analysis
The Leave Rate Computation and Analysis is the first cost allocation
step accumulating year-to-date leave charges, computing leave earned
costs consistent with organizational personnel policies, and calculating
rates to allocate leave costs to programs.
This also prints a supporting employee leave balance analysis which
details the value of leave balances for each leave balance type.
Actual or fixed rates may be used.
Fringe Benefit Analysis and Rate Computation
Year-to-date fringe benefit rates are automatically calculated consistent
with your organizations’ fringe benefit policies. If desired, fringe benefits
may be directly charged to programs.
Actual or fixed rates may be used.
Indirect Cost Rate Computation
GMS offers the allocation of indirect or common costs.
The Indirect Cost Rate Computation and Analysis may be used to accumulate
indirect cost transactions, compute a year-to-date indirect cost rate and
automatically apply indirect costs to programs.
Actual or fixed rates may be used.
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